-- Q2 2026 revenue more than doubled year-over-year to $34.0 million.
-- Net loss of $5.1 million, representing a 20% year-over-year improvement,
including a $1.9 million non-cash impact from the increase in fair value
related to the warrant exchange. Net loss improved 50% excluding the
impact of the warrant exchange.
-- Increasing 2026 revenue outlook to at least $140.0 million, reiterating
targets for net loss below $10.0 million, and positive non-GAAP Adjusted
EBITDA of at least $4 million.
FREMONT, Calif.--(BUSINESS WIRE)--August 04, 2026--
Amprius Technologies, Inc. ("Amprius" or the "Company") $(AMPX)$, a leader in silicon anode lithium-ion batteries, today announced financial results for the second quarter ended June 30, 2026, and discussed recent business developments.
Revenue for the second quarter of 2026 was $34.0 million, up 126% from $15.1 million in the second quarter of 2025. Net loss attributable to common stockholders of $5.1 million, includes the $1.9 million non-cash impact of the increase in fair value related to the warrant exchange ("Warrant Modification"), compared to a net loss of $6.4 million in the second quarter of 2025. Excluding the $1.9 million impact of the Warrant Modification, net loss for the second quarter of 2026 was $3.2 million. GAAP net loss per common share was $0.04, compared to net loss per share was $0.05 in the second quarter of 2025. GAAP net loss per share for the second quarter of 2026 adjusted to remove the $1.9 million Warrant Modification was $0.02.
Q2 2026 Financial Highlights
-- Record revenue of $34.0 million, up 19% sequentially and 2.3x
year-over-year (YoY).
-- Gross profit of $9.3 million, up $8.0 million and 593% YoY.
-- Delivered GAAP gross margin of 27%, improving from 20% in Q1 2026.
-- Net loss attributable to common stockholders of $5.1 million, a $1.3
million improvement YoY. Net loss adjusted for the $1.9 million Warrant
Modification was $3.2 million.
-- Non-GAAP Adjusted EBITDA of ($1.0) million, a 53% or $1.1 million
improvement YoY.
"Amprius delivered another robust quarter, with revenue growing 2.3x year over year and gross margin expanding to 27%," said Amprius Technologies CEO Tom Stepien. "We saw healthy demand across drone and e-mobility markets. We secured the trust of several leading customers, including a $24 million order from a new European drone manufacturer, and a multi-year contract with Stark Future, which we expect to exceed $100 million. The strong results and the depth of our pipeline give us the confidence to raise our full-year 2026 outlook for the second consecutive quarter."
Reconciliations of GAAP net loss to non-GAAP Adjusted net loss and non-GAAP Adjusted EBITDA are provided in the financial schedules that are part of this press release. An explanation of these non-GAAP financial measures is also included below under the heading "Non-GAAP Financial Measures."
Quarterly Financial Comparison
$ in millions ----------------------------------------------------------------- Metric Q2 2026 Q2 2025 Delta Improvement --------------------------- ------- ------- ----- ----------- Revenue 34.0 15.1 19.0 126% Gross Profit 9.3 1.3 8.0 593% % Margin 27% 9% GAAP Net Loss (5.1) (6.4) 1.3 20% % Margin (15%) (42%) Non-GAAP Adjusted Net Loss (3.2) (6.4) 3.2 50% % Margin (9%) (42%) Non-GAAP Adjusted EBITDA (1.0) (2.1) 1.1 53% % Margin (3%) (14%)
Business Highlights
-- Established multi-year supply agreement starting in 2027 with Stark
Future, a Barcelona-based manufacturer of electric motorcycles,
representing a total revenue opportunity exceeding $100 million
-- Awarded a $24.0 million order from a major European drone developer for
SiCore cylindrical cells
-- Supplied Redwire, a leading aerospace and defense technology company,
with SiCore cells for the Stalker Block 30, a long-range intelligence
surveillance and reconnaissance drone
-- Advanced the Fremont, California pilot line expansion partially funded
by the Defense Innovation Unit, by initiating installation activities of
about 40% of the production tools
-- Expanded the Company's network of contract manufacturing partners in
South Korea, enhancing the Company's cell production capacity
-- Adding pack partners, enhancing the Company's ability to scale without
adding direct sales headcount
Updated 2026 Financial Outlook
Amprius updates its 2026 full year outlook as follows:
-- Total revenue is now expected to be at least $140 million, raised from
at least $130 million
-- Gross margin guidance is now expected to be at least 28%, raised from
at least 25%
-- Net loss is now expected to be less than $10 million, accounting for
the $1.9 million non-cash fair value charge impact of the Warrant
Exchange
-- Net loss per share is now expected to be under $0.08, accounting for
the $1.9 million non-cash fair value charge impact of the Warrant
Exchange
Reiterating targets:
-- Adjusted EBITDA is expected to be at least $4.0 million -- Capital expenditure is expected to be under $10.0 million
The Company's 2026 outlook assumes depreciation and amortization of $4.7 million, stock-based compensation expense of $8.3 million, interest income of $1.0 million, and weighted average shares outstanding of 136.9 million for the full year.
Amprius' CFO Ricardo C. Rodriguez added: "This was a strong quarter for Amprius, with robust sequential growth, and gross margins on the path that we've been expecting. Our updated guidance reflects the increased visibility that we're developing as we execute the first innings of this revenue ramp."
Amprius may recognize additional charges, realize gains or losses, incur financing costs or interest expense, or experience other events in 2026, including those related to capacity expansion, supply chain disruptions, or further cost inflation, that could cause actual results to vary materially from this outlook. See Forward-Looking Statements below.
Amprius has not provided a reconciliation of the 2026 outlook for non-GAAP Adjusted EBITDA in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)$(B)$ of Regulation S-K due to the uncertainty regarding, and the potential variability of, reconciling items such as, the amount and timing of potential non-recurring items. The Company is unable, without unreasonable efforts, to forecast certain items required to develop meaningful comparable GAAP financial measures.
Conference Call and Webcast Notification
A conference call with Amprius management to discuss second quarter 2026 results and recent business developments will be held on Wednesday, August 5, 2026, at 8:30 a.m. EDT. During the call, management will respond to questions concerning, but not limited to, Amprius' financial performance, business conditions, and financial outlook. Management's discussion and responses could contain information that has not been previously disclosed.
Shareholders and other interested parties may call 866-424-3442 (domestic) or +1 201-689-8548 (international) and reference conference ID "13761698" to participate in the conference call. In addition, the conference call and an accompanying slide presentation will be available live as a listen-only webcast here and hosted at the Investor Relations section of Amprius' website, ir.amprius.com.
Amprius uses the Investor Relations section of its website to disclose material information for the purposes of the Securities and Exchange Commission's (SEC) Regulation Fair Disclosure. Shareholders and other interested parties are encouraged to monitor this website in addition to Amprius' other public announcements and SEC filings as information posted on that page could be deemed to be material information.
Following the live event, an archived version of the webcast will be available on Amprius' website for convenient on-demand replay. A copy of this press release is posted in the Investor Relations section on Amprius' website.
About Amprius Technologies, Inc.
Amprius Technologies, Inc. is a leader in advanced lithium-ion battery technology, delivering high-energy and high-power silicon-anode batteries with up to twice the energy density, range, and flight time of conventional graphite-based cells. Headquartered in Fremont, California, Amprius operates an R&D lab and pilot manufacturing facility for silicon anodes and cells. To support scalable production, the Company employs a contract manufacturing strategy, enabling rapid capacity expansion with minimal capital investment. Committed to driving innovation in energy storage, Amprius powers next-generation applications in aerospace, defense, and mobility. For additional information, please visit amprius.com and the Company's LinkedIn page.
Forward-Looking Statements
Comments